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and for much more on the fiscal cliff on fox news sunday chris wallace will sit down in an exclusive interview with democratic senator charles schumer and bob corker on fox news sunday. check your local listings for time. >> all of the talk about sausage makes me want to go out to 6th avenue and grab something from the vendors. >> the guy with the cart. >> i know. >>> coming up the latest job numbers show the unemployment rate dropping to its lowest levels in four years, but the number of people dropping out of the workforce remains high. so what is going on? we will break it down for you. >>- q. i and it has been 40 years since -- >> and it it has been 40 years since americans walked on the moon and now nasa is focused on other missions. a look at the private company that is planning the next moon shot. >> i understand that some believe we should attempt a return to the surface of the moon first. as previously planned. i just have to say pretty bluntly here, we have been there before. buzz has been there. >>> bottom of the hour and let's get you caught up on the headlines. dallas co
and for much more on the fiscal cliff on fox news sunday chris wallace will sit down in an exclusive interview with democratic senator charles schumer and bob corker on fox news sunday. check your local listings for time. >> all of the talk about sausage makes me want to go out to 6th avenue and grab something from the vendors. >> the guy with the cart. >> i know. >>> coming up the latest job numbers show the unemployment rate dropping to its lowest levels in four...
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this is how one man sees the fiscal cliff. this is allen simpson, as in the simpson in simpson/bowles. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but, of course, it takes two to tango. where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> he's absolutely right about that. but we heard earlier this evening the president and speaker boehner did speak late today on the phone. that's good news. but in this case, we think we need facetime. they need to sit down face to face, pound it out, face to face breeds trust. even the democrats think the president needs to do a little more in-person work on this. >> the p
this is how one man sees the fiscal cliff. this is allen simpson, as in the simpson in simpson/bowles. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get...
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...
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time for the fiscal cliff update. we have not fallen over the ships but it is a few days away. no word of any progress. no compromise from either side. all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama and speaker boehner. wendell, is there any time left to get this done? >>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hir
time for the fiscal cliff update. we have not fallen over the ships but it is a few days away. no word of any progress. no compromise from either side. all with spending cuts and expiring tax credits. today, president obama pushed his proposed fix saying a deal must include higher tax rates. republicans say that is a job killer. they is said that forever. they let go of that, meeting at the white house yesterday. neither side will give any details about the conversation between president obama...
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if it it doesn't we could go over the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen. is there any upside if we actually go over the cliff? >> there's no upside if we go over the cliff and what you've seen the last couple of weeks is political theater. that's how we negotiate things here in washington d.c. and the good news, the president put forth a plan and republicans have put forth a plan and i believe that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask d
if it it doesn't we could go over the fiscal cliff and right now the economy is in a fragile position. >> no one can argue with that one. a lot of criticism on both sides and a lot pointing to republicans that they want to see the fiscal cliff happen. is there any upside if we actually go over the cliff? >> there's no upside if we go over the cliff and what you've seen the last couple of weeks is political theater. that's how we negotiate things here in washington d.c. and the good...
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is your company hiring and what about this fiscal cliff? how big of an issue is that for your company. >> our company absolutely is hiring. we do business in almost 50 countries. we are fortunate to provide johns all over the world but definitely in the united states we are hiring corporate positions, hourly positions, our franchise partners are hiring management employees especially through the busiest time of year, the retail season to tkpwroeu thgrow the business. as for the fiscal cliff it's frightening, but i have to have a level of faith and belief that our elected officials, and current and growing administration will figure out a way to make sure that we continue to prosper as a country and small business owners like my franchisees still have a strong and productive business climate in wish to run their businesses. jenna: i bet our viewers are probably saying, she would be good in government. do you think you'll ever go in that direction. >> you never know. i enjoy being in the private sector, investing in our communities and being
is your company hiring and what about this fiscal cliff? how big of an issue is that for your company. >> our company absolutely is hiring. we do business in almost 50 countries. we are fortunate to provide johns all over the world but definitely in the united states we are hiring corporate positions, hourly positions, our franchise partners are hiring management employees especially through the busiest time of year, the retail season to tkpwroeu thgrow the business. as for the fiscal...
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this fiscal cliff is the result of the last fiscal cliff. >> bill: that put a date on there. >> yeah. >> bill: may extend the date that's what i think is going to happen. >> my hope is is that we can avoid the bad stuff. then we have to deal with the 16 trillion-dollar debt that $1 trillion a year in deficit spending. we have to solve that. that thing is not going to solve itself. >> bill: doesn't feel like the president feels the urgency that you feel. you are one of the leaders of the republican party whether you want to be or not. there you are. so you find yourself now trying to get the republican party reorganized and back into the populist column. ain't going to be easy for you, senator. because you have got to be the senator from florida and at the same time try to resurrect this party. >> well, it's -- but i think the people of florida have the same ax sights as the people of our country. i'm informed by my own background and my own experience in life my parents worked in the service industry. and, yet, they were able to afford to buy a house they never gave us everything we w
this fiscal cliff is the result of the last fiscal cliff. >> bill: that put a date on there. >> yeah. >> bill: may extend the date that's what i think is going to happen. >> my hope is is that we can avoid the bad stuff. then we have to deal with the 16 trillion-dollar debt that $1 trillion a year in deficit spending. we have to solve that. that thing is not going to solve itself. >> bill: doesn't feel like the president feels the urgency that you feel. you are one...
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Dec 9, 2012
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but back to the issue of the fiscal cliff, are you being cued in and clued in on what is happening? some republicans have complained that there are negotiations and bargains behind closed doors, that they are getting their information about what is being hammered out, essentially from news report, media reports. do you feel like you are getting enough information? >> i feel like i am being updated regularly. if the question is how i feel about the substance, where they are going, i am not encouraged, especially after the president rejected outright an initial offer by the speaker earlier this week. it didn't happen in a way that gave me confidence that the president is really interested in negotiating. he it gave me the sense that he is not only willing to allow us to go off the cliff burks perhaps he wants to push us off. >> of course, the white house continues to say, that's not what it wants, at least, publicly, but your colleague, senator lindy graham said as much a few days back, he thinks they have made a political calculation that there is a very real possibility that that is
but back to the issue of the fiscal cliff, are you being cued in and clued in on what is happening? some republicans have complained that there are negotiations and bargains behind closed doors, that they are getting their information about what is being hammered out, essentially from news report, media reports. do you feel like you are getting enough information? >> i feel like i am being updated regularly. if the question is how i feel about the substance, where they are going, i am not...
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we go over the so-called fiscal cliff. and massive government spending cuts. >> and some people fear going off of the cliff could cost thousands of jobs and push our fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the american people. >> it is unacceptable for republicans to hold middle class tax hostage because they refuse to let them go up on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts fo
we go over the so-called fiscal cliff. and massive government spending cuts. >> and some people fear going off of the cliff could cost thousands of jobs and push our fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the...
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fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a deal to stop the more than half a billion dollars in spending cuts and tax increases from going into effect my next guest says the fiscal cliff is simply y2k fair all over again which amounted to nothing as i recall i agree we're not going to go over the cliff will hug him you know new year's eve he will be out of the work. so basically lots of speculation and very little substance but i can't say i'm not surprised particular day when i look at the recent rhetoric from this do nothing congress take us for example armed services committee just describe the looming defense cuts as quote an unaccep
fiscal cliff fiscal cliff fiscal cliff if you completely fell off the mainstream news clip this week here's what you might have missed can you hear me now no more reindeer games in washington president obama and house speaker john boehner finally on speaking terms but the question is are they speaking each other's language when it comes to the fiscal cliff falling off the fiscal cliff into freefall is there a soft landing or not would it be the end of the world if washington failed to reach a...
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>> we are not going into this fiscal cliff from a position of strength. there is no doubt, if we cliff dive on this we're going to have a high unemployment a lot of people will be laid off because of the spending cuts and tax increases. >> heather: and we are facing tax increases. >> absolutely. >> heather: thank you. >> gregg: new chaos unfolding in the middle east as egypt's military threatens the protestors there. syria preparing to unleash chemical weapons and people are scared seen here running for their lives to prevent two catastrophes from getting a whole lot worse. staechb yates will be with us next. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who trieit agreed that it relieved their headache fast. visit fastreliefchallenge.
>> we are not going into this fiscal cliff from a position of strength. there is no doubt, if we cliff dive on this we're going to have a high unemployment a lot of people will be laid off because of the spending cuts and tax increases. >> heather: and we are facing tax increases. >> absolutely. >> heather: thank you. >> gregg: new chaos unfolding in the middle east as egypt's military threatens the protestors there. syria preparing to unleash chemical weapons and...
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Dec 7, 2012
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. >>> another big story, avoiding the fiscal cliff. president obama visited a middle class family in fairfax county to pitch his fiscal plan. that is because the average family will see taxes increase $2200 if congress doesn't take action by the end of the year. the president touted the benefits of extending tax breaks on those making $250,000 a year or less while continuing to push for rate increases on wealthier americans. >>> three, two, one! >> very busy for the president. he also put aside the partisan fight over that fiscal cliff for a time last night. joining the rest of the first family in lighting the national christmas tree on the ellipse. this marked the 90th year for the tree lighting ceremony. so pretty to watch and see that. >> you got to at least go down, drive by or something at some point. >> it is fun. >>> u.s. military ships on the move as north korea gets set to launch a rocket. we've got details next. >>> one police department is calling it one of the worst cases of child abuse they have ever investigated. details
. >>> another big story, avoiding the fiscal cliff. president obama visited a middle class family in fairfax county to pitch his fiscal plan. that is because the average family will see taxes increase $2200 if congress doesn't take action by the end of the year. the president touted the benefits of extending tax breaks on those making $250,000 a year or less while continuing to push for rate increases on wealthier americans. >>> three, two, one! >> very busy for the...
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cheryl: and fiscal cliff fire sale. you will not believe what is going on in the hamptons' real estate market. we have a broker who says he can save you up to a million bucks on a home just like this one. deb dennis only 17.7mil. nicole petallides at the new york stock exchange. seeing green. >> reporter: nice little bargain there. hey, if you're saving a million oo more, that's a good bargain. we are seeing green across the board here, right now the dow jones industrials up one-quarter of 1%. let's take a look at the major averages, the dow jones industrials up 28 points, the tech-heavy nasdaq, we are seeing a lot of the tech stocks leading the way, but the composite is up 12 points almost half a percent in the s&p 500. also a winner. but let's take a lock at mcdonald's, one of the better performers on the dow. same-store sales were actually up, finally, once again because in october the same-store sales declined for the first time in nine years. so people began to worry. but, don't worry, because mcdonald's posted gai
cheryl: and fiscal cliff fire sale. you will not believe what is going on in the hamptons' real estate market. we have a broker who says he can save you up to a million bucks on a home just like this one. deb dennis only 17.7mil. nicole petallides at the new york stock exchange. seeing green. >> reporter: nice little bargain there. hey, if you're saving a million oo more, that's a good bargain. we are seeing green across the board here, right now the dow jones industrials up one-quarter...
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could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
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no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicar
no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we...
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. >> jon: president obama talking stuff and standing his ground as america approaches a fiscal cliff, and the immediate y media in his corn again. >> the new york times gets caught 40 questionable items about the conflicts in the middle east. and a british judge releases his report on the phone hacking scandal in the country and how did the media here react. and jay leno sees the light. >> this is very dangerous for the white house if they should start asking real questions. >> jon: on the panel this week, writer and fox news contributor judy miller. syndicated columnist, cal thomas. jim pinkerton, contributor. and kirsten powers. >> jon: i'm jon scott, fox news watch is on right now. ambassador susan rice asked for a face-to-face meeting with some of her most focal critics to make things better. the meeting took place and appears to have made things worse. >> rice herself asked for the meeting, but the effort to smooth things over didn't exactly work. >> for the first time she acknowledged her comments were wrong. >> susan rice has been depi depicted from everything as a thrown under
. >> jon: president obama talking stuff and standing his ground as america approaches a fiscal cliff, and the immediate y media in his corn again. >> the new york times gets caught 40 questionable items about the conflicts in the middle east. and a british judge releases his report on the phone hacking scandal in the country and how did the media here react. and jay leno sees the light. >> this is very dangerous for the white house if they should start asking real questions....
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that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> greta: victims of superstorm sandy blasting the feds
that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy,...
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that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card
that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy,...
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when you think about the story, you wonder why can't we do the fiscal cliff thing? >> reporter: right. jenna: if we can put somebody in space for a year. >> reporter: we need to ask our lawmakers, right. jenna: casey, incredible story. gregg: you can put the man on the moon but you can't --. all right. researchers may have found what could be the earliest known dinosaur to walk the earth. the mysterious fossil found lurking in the corridors of london's natural history museum. they believe the dinosaur about the size after labrador dog lived 145 million years ago give or take a year. that would be 10 to 15 million years earlier than any other previously discovered examples. jenna: you say a labrador. gregg: that looked a little bit bigger than a labrador. might have been a really big lab bro door. -- labrador. jenna: that is really interesting. what to do about big super storms. a big debate in coastal community after hurricane sandy. is building bigger sea walls an answer [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ wh
when you think about the story, you wonder why can't we do the fiscal cliff thing? >> reporter: right. jenna: if we can put somebody in space for a year. >> reporter: we need to ask our lawmakers, right. jenna: casey, incredible story. gregg: you can put the man on the moon but you can't --. all right. researchers may have found what could be the earliest known dinosaur to walk the earth. the mysterious fossil found lurking in the corridors of london's natural history museum. they...
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they're trying to work out a deal on the fiscal cliff. does this mean they're going to be on the way? we'll talk to congress members connie and mary mack. they'll weigh in. >>> and nasa finally explaining what those lights over texas were. is it worthy of the "x-files"? >> i love that reference. wind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dolla
they're trying to work out a deal on the fiscal cliff. does this mean they're going to be on the way? we'll talk to congress members connie and mary mack. they'll weigh in. >>> and nasa finally explaining what those lights over texas were. is it worthy of the "x-files"? >> i love that reference. wind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the...
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we are going back to the looming fiscal cliff. that's what florida senator marco rubio is talking about. >> he discusses the negotiations on capitol hill and the raising taxes. >> my parents worked in the service industry we were able to afford a house. we always had what we needed thank god and thank this country. that's only possible in the future if we have limited government and enter prides. people come here from all over the world to get away from big government. i hope multiple voices out there making the argument. it is the only way forward for us. we will never be able to raise enough taxes to get out of the situation we are in. the only way forward is rapid economic growth. not new taxes we need new taxpayers. >> rubio sa>> what a difference few days can make. we had gorgeous weather a few days ago. it will be really wintery outside today. >> somebody in the hallway this morning was why is it so cold out, dean? it is december. we had a treat with warmer than average temperatures than most. winter out there in new york ci
we are going back to the looming fiscal cliff. that's what florida senator marco rubio is talking about. >> he discusses the negotiations on capitol hill and the raising taxes. >> my parents worked in the service industry we were able to afford a house. we always had what we needed thank god and thank this country. that's only possible in the future if we have limited government and enter prides. people come here from all over the world to get away from big government. i hope...
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that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we could do is put in place a balanced plan deals with all parts of the budget and really provides the kind of sense of security that households, small businesses, everybody needs to know so we can start planning for the economy and hopefully getting things growing back again. one of the things you see is that when your debt levels are as high as they are, in this country right now, that's a tamp on economic growth and can harm growth. that's the point we're at. we know that part of a growth strategy will have to be getting control of these deficits and debt and
that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we...
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Dec 2, 2012
12/12
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republicans call the fiscal cliff plan a joke, an insult and break from reality. suffice it to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> while his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of the day a clear majority of americans, democrats, republicans, independents, they agreed with a balanced approach. deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house
republicans call the fiscal cliff plan a joke, an insult and break from reality. suffice it to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than...
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Dec 3, 2012
12/12
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i am worried we will go over the fiscal cliff, in part to have a reset. if we any over, republicans could start talking about cutting taxes on the middle class, as opposed to keeping them up on the rich. and the democrats will could potentially get a better deal. we can see this has happened in europe. when you have this kind of brinksmanship over and over and over again, and you go back and forth, markets start to get very burden they've been very volatile. and i think businesses have been holding back on investments. you can see big capital spending by businesses in last four months has been way down, about 8%. there should be a boom going on right now. we have a construction market boom, we have an energy field that is booming. companies would be spend physician we could get over this cliff. >> schieffer: i'm hearing some liberal democrats will say let it go over the cliff. i mean, would they really do that? i mean, because what would happen, then you would have, i guess, the tax cuts would expire. but would they let these draconian cuts in, say, defen
i am worried we will go over the fiscal cliff, in part to have a reset. if we any over, republicans could start talking about cutting taxes on the middle class, as opposed to keeping them up on the rich. and the democrats will could potentially get a better deal. we can see this has happened in europe. when you have this kind of brinksmanship over and over and over again, and you go back and forth, markets start to get very burden they've been very volatile. and i think businesses have been...
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Dec 7, 2012
12/12
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CSPAN
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cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion.
cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a...
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Dec 2, 2012
12/12
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on page two, we'll get analysis on where the argument over the fiscal cliff goes. and the consequences if congress fails to get agreement. we'll talk to maya macguineas, head of the campaign to fix the debt. mark zandi of "moody's "analytics. and our own john dicker sen. captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and good morning again. treasurer treasury secretary tim geithner laid out the emotion's opening offer on how to fix the debt. it wasn't what the republicans want to hear. basically geithner said no waw to cut a deal without raising taxes on upper income americans. even though, he said he's optimistic some kind of deal can be reached by the end of the year, and he said 98% of americans will not see a tax rate increase. here's what he told us when we sat down with him. >> i do think we're going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealth
on page two, we'll get analysis on where the argument over the fiscal cliff goes. and the consequences if congress fails to get agreement. we'll talk to maya macguineas, head of the campaign to fix the debt. mark zandi of "moody's "analytics. and our own john dicker sen. captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and good morning again. treasurer treasury secretary tim geithner laid out the emotion's...
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Dec 5, 2012
12/12
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CNNW
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wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at is how can we kind of salvage a political victory out of this and stand for what we want? as you've had people on this program suggest, it may just be going over the fiscal cliff and not voting for a tax raise and then later negotiating taxes down. >> republicans will be blamed, polls show, if we go over the cliff. >> let's turn to jeb henserling, newly named chairman of the house committee and co-chair on the super committee. we heard will saying how do you salvage a political victory? the reality is if nothing is done, if you cannot get together, you go ove
wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at...
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Dec 4, 2012
12/12
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do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is
do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not...
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Dec 6, 2012
12/12
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KRCB
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traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies me
traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's...